The UK offshore energy sector has reached a pivotal moment, a watershed in our industrial history. We are at a threshold when the experience and expertise forged over the last 50 years must be used in partnership with transformational low-carbon technologies to meet the challenges – and grasp the opportunities – presented by the UK’s commitment to net zero.
A reimagined North Sea, an integrated net zero energy system, can lead this global drive to deliver the commitments of the Paris Agreement. Up to £416bn investment is required over the next 30 years, but this creates a fantastic business opportunity that by 2050 could potentially contribute £125bn per year to the UK economy, while supporting more than 230,000 jobs.
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